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Areva to invest in the Indian solar market

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With the Indian government showing its strong intent to install large amounts of solar 20 GW by 2020 and enacting a sort of FIT of 40c/KwH , everyday new companies are making an entry.

Areva the French capital goods giant is getting ready to supply thermal equipment to the Indian developers who must be frothing given the larget ROE on the solar projects.The $3-3.3mm/MW seems reasonable enough to generate large  returns.Let see how many of these MOUs translate into Megawatts.Note Areva bought solar thermal startup Ausra a few months ago when it was down in the dumps due to a  lack of capital .

From Reuters:

Areva Renewable, a unit of France’ Areva, is considering solar-thermal projects in India, its chief executive officer said on Friday.

“We are discussing it with at least 9 serious developers in India. We hope to close few MoUs (Memorandum of Understanding) in the coming weeks,” Anil Srivastava told Reuters in an interview.

Most of the Indian power developers are discussing setting up 50 MW solar-thermal power stations and Areva would be able to offer these projects at a cost of $3 million-$3.3 million per megawatt, the U.S.-educated CEO said.

“If we were to make the plant today, we think we can achieve 70 percent localisation in India, and we can achieve up to 90 percent localisation going forward,” reducing that cost, he added.

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Read more on Investing in India, Areva, Solar Power at Wikinvest
PG

Sneha Shah

I am Sneha, the Editor-in-chief for the Blog. We would be glad to receive suggestions, inputs & comments on GWI from you guys to keep it going! You can contact me for consultancy/trade inquires by writing an email to greensneha@yahoo.in or call me on +913340606492.

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